Economy
Portuguese consortium supplies $ 57 million to build three insect factories in Portugal – industry
Consumption of insects: This practice of two billion people is beginning to be equated in the Western world and has been advocated by the Food and Agriculture Organization (FAO) since 2013 as a strategic solution to improve the sustainability of food and alternative nutrients.
By the way, insect-based food is already available in Portugal, after last June, the General Directorate of Food and Veterinary Medicine (DGAV) authorized the use of products containing seven species: two crickets, one beetle, two larvae and two grasshoppers.
In this context, a consortium of 38 companies and national research centers is committed to invest 57.4 million euros to “put Portugal at the forefront of the insect industry” with the creation of three new insect production plants, including the production of chitosan. natural crustacean shell supplement and logistics center.
The location of these investments has yet to be determined, but Santarem is at the top of the preference list, followed by the Alentejo and Leiria regions, he told Negosios, a source close to the consortium.
InsectERA Agenda is the name of the consortium promoting the project “aimed at the development of industrialization, commercialization and export of innovative insect-based products, with solutions for the food industry (animals and humans), cosmetics and bioplastics, as well as With regard to the bioremediation sector, by creating solutions for the disposal of organic waste, “- said in a statement to the newsroom on Wednesday, November 17th.
An investment project presented in the Plan for Recovery and Resilience (PRR), with the entities of the assistance consortium committing to provide their own financing in the amount of 19.3 million euros.
“Over four years” investments include € 25.6 million for R&D and € 29.5 million for productive investments, “also taking into account the corresponding amounts for human resources, qualifications and internationalization of the participating organizations and the promotion of results,” – details Agenda day InsectERA, which provides “the creation of about 140 new jobs and more than 23 million euros in income in 2025, the year of completion of the investment.”
In addition to four manufacturing sites and a logistics center, the project includes “investment in construction or adaptation, procurement of manufacturing equipment including air conditioning, processing and biodegradation systems, laboratory equipment for quality control, packaging and installation of solar panels.”
Through this investment program, the InsectERA program envisages the “industrialization of at least 43 new insect-based products and services for the market.”
The consortium includes three Portuguese insect producers (Ingredient Odissey, Thunderfoods and The Cricket Farm Co.), technological innovation consultant INOVA +, B2E CoLab, Colab4Food, FeedInov CoLab and IPlantProject CoLab, companies such as Auchan, Mendes Gonçalves, Agromais, Silvex, Mesosystems, Sorga, Savinor, Nutrifarms, PetMaxi, Sensetest or Solfarco, as well as the Universities of Porto, Lisbon and Aveiro, Nova de Lisbon and Catolica, INEGI and INESC TEC, among other organizations.
“To establish Portugal in the innovation sector, which is currently dominated by other countries”
“Insects are a solution that enhances environmental sustainability in the agri-food sector by improving value chain efficiency and greater respect for the use of natural resources. With the participation of the entire agri-food sector, we will be able to place Portugal at the forefront of the industry, protecting Portuguese know-how and taking national technology to the next level, ”guarantees Daniel Murtha, Representative of Agenda InsectERA and CEO of Ingredient Odissey.
“This is a strategic investment that could be a historic milestone, as it allows Portugal to establish itself in an innovation sector that is currently dominated by other countries,” the same person in charge underlines.
Nuno Soares, Business Development Specialist at INOVA +, believes that “the continued support of this mobilization program takes advantage of our experience in structuring R&D and innovation projects of high complexity, scale and structural impact on the economy”, with “project presentation in a PRR framework” represent “a window of opportunity for betting on new niches and market areas with disruptive potential and moving closer to pioneering countries in this area.”
The InsectERA program therefore intends to “invest in a rapidly growing market and explore innovative technological solutions for the use of insects as raw materials”.
Moreover, reminds InsectERA Agenda, “by 2030, Europe will have produced 260 thousand tons of insect-based products, including whole insects, insect ingredients and products containing edible insects,” while “in the European animal feed sector, production of 500 thousand tons is projected in 2030, when by the beginning of 2021 only 10 thousand tons of feed based on insect protein were produced. “
However, he says, “there are other options for exploring the potential for insect production in areas that are still poorly understood, such as cosmetics and bioprocessing products.”
InsectERA’s agenda sets as its main objectives “the development of products, processes and services based on biotechnology and supported by the value added of sustainable resources (insects); contribute to the diversification and strengthening of the competitiveness of the Portuguese business structure in relation to business. ” in relation to the international economy; launching new products and services on the international market based on scientifically grounded developments; and promoting sustainable investment in value chains that focus on reducing the consumption of energy from non-renewable sources and reducing the consumption of imported products, in addition to reducing CO2 emissions. ”
Creation of 13 new insect-based human food lines.
The InsectERA program consists of four main lines of action with specific goals. Know:
– The InFood Axis on the use of insects as a healthy and sustainable alternative food source in innovative foods, aims to create at least 13 new insect-based human food lines;
– The InFeed axis on insect nutrition in more sustainable and local animal feed aims to create at least 5 new production lines (feed) for animal feed;
– The InIndustry axis for using insect-derived products as new raw materials for industry such as cosmetics or bioplastics, aims to develop and industrialize four new raw materials (chitosan, insect oil, lauric acid and natural insects). extracts) for the pharmaceutical, cosmetic and plastics industries, as well as at least nine innovative end products;
– The InBioremediation Axis, to use insects as a bioremediation tool and solve environmental problems such as the disposal of livestock wastewater and urban organic waste, aims to invest in R&D and establish a bioremediation research center at the National Zootechnical Station (INIAV).
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The global financial markets are now hugely complex, with traders and analysts around the world looking closely for signs of movement. What are some of the most important factors to be aware of that impact the financial markets?
Geopolitical events
With news breaking from different countries throughout the day, many different stories could affect the markets on any given day. For instance, economic indicators such as the European Central Bank’s inflation rates and gross domestic product numbers released by each country can determine which direction the markets take. Stocks, currencies and other financial instruments can all vary depending on these areas.
Major events such as war breaking out, natural disasters and elections also have an effect. When we look at the commodities market, climate change is an issue to bear in mind, with unusual weather sometimes causing scarcity or abundance of a certain product.
An interesting aspect of the modern financial world is the way that the different markets are linked. This means that any important event or news story that affects one area could easily affect another, even if the link isn’t obvious at first sight. We can also see how local shocks and events can quickly have an effect at a global level.
The financial crisis of 2008 is a good example, as it started with a serious downturn in the US housing market. Although this appeared to be a localized issue at first, it soon revealed some major issues with the global banking setup that caused problems around the planet affecting millions of people and diverse industries.
Speculation and investment trends
The previous factors all point toward the markets changing, and there’s no shortage of traders around the world waiting to see what happens next and how they can benefit. This means that we need to take into account other issues such as speculation and investment trends in the markets.
Armed with a variety of tools, including candlestick charts, traders try to identify trends such as support and resistance levels. They use the information they glean from the charts to make their moves, which can influence the general market if enough people make the same moves or if the amounts involved are significant.
Once an investment trend begins, it can have a knock-on effect that would have been impossible to predict at the outset. The example of Bitcoin and other cryptocurrencies shows how something that starts small can grow impressively. Cryptocurrencies have now gained enough mainstream appeal to influence and disrupt many industries, from healthcare to gaming and banking.
It’s important to understand how the leaders of a company operate and how they have faced challenges in the past. If we look at banking and the Bank of New York Mellon in particular, we can see that its history can be traced back to 1784, so it has overcome all the major events that have occurred since then. With some of the biggest names in the business world making up its key institutional investors, this is a company that we would expect to react effectively to changing markets.
Regulatory changes and company results
Just about every industry represented in the financial markets has laws and regulations that govern it. This means that the fear of harsher new laws is an almost constant threat. Meanwhile, the hope that beneficial changes to the regulations help businesses prosper is the other side of this matter that investors keep a close eye on.
Let’s not forget the role played by the profit and loss results produced by major companies. It’s clear that these results have an almost immediate effect on their stock prices. However, we should also bear in mind that this effect can reach other areas of the economy. A surprising set of results for a large business can produce shock waves that travel around the market.
What impact do they cause?
From the wide variety of examples that we’ve looked at here, it’s clear that the impact isn’t going to be the same in every case. While one set of circumstances might snowball and cause a huge impact, another might cause a limited impact before the news disappears as other events overtake it.
Having said that, one of the key issues that they cause is a higher degree of market volatility. We can see how this works by looking at an area such as the COVID-19 pandemic in 2020. The markets became a lot more volatile as the different aspects of the pandemic became clear. Streaming companies, healthcare companies and video conferencing technology firms made huge profits, while airlines and hotels were among those to lose out massively.
Working out the overall impact of a particular situation is almost impossible to do now. With so many traders looking over the latest news stories and numbers with advanced tools, the original impact can quickly grow or simply disappear. Therefore, the key for investors is to understand emerging trends and react to them before it’s too late.
These details reveal how complex the global financial market is now. It’s a fascinating world, and with more information at our fingertips than ever before, it’s something that anyone can start to research and understand in their own way.
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OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.
“The Centodieci combines all the values of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.
This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.
This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.
Recall that each unit costs the owners eight million euros before taxes.
Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.
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BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.
The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.
The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”
Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.
Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.
Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.
Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…
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